In 2003 the U

question 10

Multiple Choice

In 2003 the U.S. Supreme Court revisited the Bakke decision in the case of Grutter v. Bollinger. What was the Court's ruling in this 2003 case concerning affirmative action?

• A) It reversed Bakke and stated that such programs punish non-minorities who played no role at all in the original discriminatory practices.
• B) It ruled that the racial divide that exists in this country may be exacerbated by affirmative action.
• C) It ruled that affirmative action programs are explicit racial classifications, and as such they violate the principle of a "color-blind" society.
• D) It ruled that economically privileged African Americans who do not need such assistance may benefit at the expense of less privileged African Americans who have greater needs.
• E) It reaffirmed the ruling in Bakke that allows race to be used as one of several positive factors in the admissions process.

Know the empirical rule and how it applies to data distribution.

Identify and calculate central tendency measures, specifically the median.

Understand measures of dispersion and be able to list and describe them.

Understand the concept of kurtosis and how it affects data distribution.

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Definitions:

Balance Sheet

A financial statement that displays a company's financial position at a specific point in time, including assets, liabilities, and equity.

Adjusted Trial Balance

A financial statement prepared after adjusting entries are made, ensuring the total debits equal total credits.

Financial Statement Column(s)

Sections or divisions in financial statements used to separate and categorize financial data into meaningful groups for analysis, such as assets, liabilities, equity, revenue, and expenses.

Net Income

The net income of a business following the subtraction of all costs and taxes from the overall income.